Alex Pietrangelo Buyout Results

A Alex Pietrangelo buyout spans 10 years, has a cost of $15,066,667 and savings of $7,533,333. Pietrangelo is 32 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $22,600,000 in salary remaining, the cost is $15,066,667, and the savings are $7,533,333. Buyouts span twice the length of the remaining years and because there are 5 years remaining in the contract, the buyout length is 10 years. The buyout cap hit is displayed in the Cap Hit Calculations table below.

Buyout Date
Cost Calculations
BUYOUT DATEBASE SALARY REMAININGS.BONUS REMAININGYEARS REMAININGBUYOUT LENGTHAGEBUYOUT RATIOTOTAL COSTTOTAL SAVINGSANNUAL COST
Jun. 15, 2022$22,600,000$29,000,000510322/3$15,066,667$7,533,333$1,506,667
Cap Hit Calculations
SEASONINITIAL BASE SALARYINITIAL CAP HITSIGNING BONUSBUYOUT COSTPOST-BUYOUT EARNINGSSAVINGSCAP HIT (Logo of the Vegas Golden KnightsVGK)
2022-23$1,000,000$8,800,000$7,000,000$1,506,667$8,506,667-$506,667$9,306,667
2023-24$4,300,000$8,800,000$8,000,000$1,506,667$9,506,667$2,793,333$6,006,667
2024-25$4,500,000$8,800,000$8,000,000$1,506,667$9,506,667$2,993,333$5,806,667
2025-26$4,000,000$8,800,000$6,000,000$1,506,667$7,506,667$2,493,333$6,306,667
2026-27$8,800,000$8,800,000$0$1,506,667$1,506,667$7,293,333$1,506,667
2027-28$0$0$0$1,506,667$1,506,667-$1,506,667$1,506,667
2028-29$0$0$0$1,506,667$1,506,667-$1,506,667$1,506,667
2029-30$0$0$0$1,506,667$1,506,667-$1,506,667$1,506,667
2030-31$0$0$0$1,506,667$1,506,667-$1,506,667$1,506,667
2031-32$0$0$0$1,506,667$1,506,667-$1,506,667$1,506,667
TOTAL$22,600,000$44,000,000$29,000,000$15,066,667$44,066,667$7,533,333$36,466,670
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